Bee Options Review

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Bee Options Review

Bee Options is a binary options broker using the SpotOption platform. They were founded in 2020, require a minimum deposit of $150 and provide 100 different assets to trade.

Today I will be providing a review and taking a closer look at the reputation and trustworthiness of this binary broker.

Bee Options Review

I’ve been asked recently to spend some time going over different brokers like Bee Options. As of right now I have a large list of accepted and top rated binary options brokers on the site. There is also a list on the same page that shows lower rated binary brokers. Many of these I haven’t provided reviews for because I haven’t believe it to be important information. Yet, with the recent requests from the Binary Today readers I will do my best to cover some of these, and also analyze some new brokers in the process. If you ever have any requests of me, feel free to click Ask John at the top of the page and send me a personal email.

Bee Options provides traders with a platform to do their binary options trades. They offer payouts from 60-85% depending on the asset. You can expect 85% payouts on all the major Forex pairs, which is mostly what I trade which is a good thing. They do not offer a demo account, and they are not regulated. These are pretty common issues in the binary options market so I don’t condemn them for that. There are always places to find a free demo account easily and regulation, while it was important to me, isn’t as important anymore as I have certain brokers I’ve learned to trust over long periods of time.

The Bee Options office is in the United Kingdom, you can call them here, +44-203-695-0389 or email their [email protected] In my time with bee options I’ve never noticed anything different that sets them apart from the rest. They are a regular broker and I have really no reason why you should choose them over any other binary broker. I have read multiple comments accusing this broker of using fraudulent practices. They have been accused of manipulating expiry rates to make traders lose but I’ve yet to see any real hard proof of this. This is also a common complaint in the binary options market about brokers so it’s hard to believe that it’s not just an angry customer. Yet, at this point in time I won’t be recommending Bee Options.

Bee Options Details

Assets Available to Trade: Assortment of 63 Stocks, 18 Currency pairs, 8 Commodities and 40 Indices.

Currencies Accepted for Deposit: USD, EUR, GBP, AUD, CAD

Minimum Deposit Amount: $250

Minimum Trade Amount: $5

Demo Account:В Free Demo Account

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  • Binomo
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Accepts US Traders:В No

Deposit Methods: Visa, MasterCard, AMEX, Wire Transfer and Bee Options ePayment Card

Withdrawal Time Frame: 1-3 business days to process the request

Support: Bee Options has 24/7 Live Chat, customer phone support available in English, Spanish, French. Trading platform is translated into English, Spanish, French.

Bonus Structure: В Up to 100% Deposit Bonus and 2 Risk Free Trades. Check with Customer Support before depositing to confirm bonus offer.

Bee Options Demo Account

We have made an arrangement with Bee Options to provide a Free Demo account for those customers that Register through TradeOpusВ and make a minimum deposit. We have explained the importance of trading with a demo before risking actual funds and Bee has agreed to allow traders to test their platform with a Demo account.

Is Bee Options a Scam?

Our experience with Bee Options has been favorable overall. We met with them and did extensive testing of their system. They are very serious about taking care of their traders and are committed to complete honesty and accountability. They will not give a bonus offer unless the terms and conditions are absolutely clear. They process withdrawals quickly. Often times they send the withdrawal immediately after the money is requested. We think they are a professional broker and should not be considered a scam in any way.

Bee Options Platform Trading and Features

Trading System When you click the Trading Platform tab on the Bee Options homepage, you will see a trading screen. The Trading Screen shows you 5 different trading choices: Binary Options, Long Term,В Sixty SecondsOneTouch and Pairs.

Binary OptionsВ trades are standard Call/Put trades.В The default trade screen displays the Binary Options Top Picks , which includes 3 Binary Option Trade boxes. В Just select Commodities, Currencies, IndicesВ orВ StocksВ by clicking on one of the tabs.В You can choose whatever binary option trade you like at all times by clicking on the drop down menu in each trade box. You can also adjust order boxes displayed on screen but clicking on one of the 4 icons on the top right of menu.

Bee Default Trade Screen

Bee Multi Asset Screen

Trading features:

Long Term Options: В Standard up/down binary options that have expiration times of end of day, week and month.

Short Term Options: В Advanced version of original 60 Second Binary Options. Added times of 30 Seconds and 120 Seconds.

Bee Short Term Options

One Touch Trading You can predict whether a stock will reach a specific price during a certain period of time. You don’t have to wait for the expiry time to be in-the-money; once the price of the underlying asset has been reached, you’ve earned your profit right away. With Bee Options you can earn up to 500% on One Touch trades.

Bee One Touch Trading

Pair Options: В Pair trading pits two different assets against each other. For example, you may choose whether Gold or Silver will be higher after a certain time period.

Bee Pair Options

When in certain open positions, you can choose to double your investment with the Double Up feature, or you can use the Rollover feature to add time to your trade for a commission or you can choose to Sell Early .

BeeOptions.com Review

SCAM CONFIRMATION

Bee Options is part of the Greymountain Management group of binary and forex companies. This group has a large number of FPA Traders Court verdicts against it. The FPA considers all brokers which are part of this group to be scams and warns all traders to avoid depositing money with them.

SCAM CONFIRMATION

There is an FPA Traders Court guilty verdict against BeeOptions. Unless this issue can be resolved, the FPA recommends caution dealing with this company.

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Consumer Reviews

Service use: Live

Length of use: 0-3 Months

After six months of trading with them, I have discovered a lot of fraudulent practices, samples of which are the following:

– Manipulation of asset expiry rates to cause the loss of the trader. That is done by causing discrepancy between the trading platform and the trade table results.

– Continuous extraction of money or what might be labelled “money sucking”: In the name of investment, Beeoptions continues to exert a lot of pressure on me to deposit more and more unjustifiable money. I once surrendered to their pressure and deposited $5000, but this was not enough as it seems to be a general policy to extract more money from clients.
I keep resisting depositing more money and now they suggest a 20 (later raised to 30%) off my requested turnover if I deposit another $5000. I still refused because I know this is only a form of disguised theft.

– Deception through provision of opposite advice to what their senior trade analysts are supposed to deliver as information to traders. To give you just an example, I was focusing my trades on oil whose price kept going down and I was playing on that. Their Head Analyst Jonathan Taylor suggested that I invest $10,000 betting on oil prices to go sharply up by the end of this month which I knew was a lie and a trick to make me lose that huge amount of money, so of course I didn’t follow his advice. And as you can imagine, oil prices kept their decline.

Beeoptions will do every effort to make you lose money and in case you still manage to make profits, they will not allow you to make withdrawals, so please avoid them.

We are marketers and list builders.

We are reviewing 9 binary companies, software, strategies, groups..etc

Beeoptions, was our 1st to fund.

After that, we were called by the company and talked into funding up more money, with promises of help.

They never told us about the bonus traps.

They say we have to cover a $30,000, bonus trap volume, in order to withdrawal any of our money.

We have enough documentation to sue and plan to.

If anyone else got scammed by Beeoptions, you can join our International class action lawsuit.

The broker there, also, said that, there was risk free insured trades 2 times, that the company never did, however, put us in a deeper bonus trap.

I would like to post a copy here, of what one of the other brokers e-mailed us back, with promises of the company making things right.

Quite the opposite happened.

Many people there, told us different stories and lies.

There are many other things that they do, to scam you.

Too many to list here, however, see the copy of the e-mail that was sent to me below and do not use this company .
Copy:
Greg,

1) In regards to the Eur/Usd and Sugar trades – very bad trades. I’m not sure what his “strategy” was.

2) This withdrawal of a bonus of $4,000.00 is a mistake, makes no sense based on my record of transactions.

3) I listened to Patricks conversations with you. I cannot find any records of said trade, or what your deposit was directly intended for. Patrick no longer works here for such reasons.

I will be available in about an hour to speak, maybe we can talk and discuss what you’d like to do. The firm is of course prepared to make things right in your account.

They are a terrible broker. I deposited $500 after seeing several postings on youtube about them before I found out about this site.

Well I was called in about 10 minutes after signing up. My rep tried to discourage me from doing 60 second trades. calling them “cr**”. and tried to entice me to put in more money than I planned. I told them I was only interested in putting in $500 and they told me that I didn’t qualify for a bonus under $1000.

After having him go to the homepage, he told me this was a new promotion he wasn’t aware of. Then I made the deposit. He called me again and said he could show me how to make some real money if I was really serious. I assured him I was serious and asked him what did I need to do. He said I needed to put about $25k in my account and he could show me how to make some real money then. even tell me what trades to make.

This should have been enough to make me run away but it didn’t. I was memorized by the $$$$. lol. So I started trading. and I took my initial $500 down to $250 in 4 days. thanks to a bogus strategy I found on youtube. lol. anyway I contacted my agent because my bonus was credited yet. He went over my account and said that the finance folks would consider it a waste of money to give me my bonus since I had lost half my money in such a short period.

This woke me up finally. I told him he was crazy if thought I was putting another dime in my account before they gave me what was promised to me. since its called a “deposit” bonus. it should be credited when funds are deposited. So he eventually had them put the funds in my account. they showed up the next day. Since then I’ve just used this platform to practice strategies with. I’ve signed up with another broker to do my real trading with. They actually gave me a demo account to get acclimated with their system. I’ll post a review of their site once I have more experience with them. But this review is on beeoptions. So more about my bad experience with them.
Platform issues:
1. I get logged out of their site constantly. sometimes in the middle of making of trade. very inconvenient.
2. As someone else said. Placing an order has serious delays. When you place the order, it gives a price and asks for approval, after clicking approval. Sometimes (not all) I notice that the initial price has changed from the initial price it showed when I initiated the order. If it’s a call. it’s higher. if it’s a put. its lower.
When the trade expires, its goes into a validation mode. I’ve seen this go from 2 to 10 seconds. all the while the price is changing and as someone has said, you will get the worst price available. When I asked my account manager about it, he said the price may fluctuate a few pips due to a timing delay with the site if there is heavy trading traffic. Sounds good right? Well, I haven’t seen this behavior once at the new broker. hmmmmm
3. This just happened today. I kept getting a sever timeout error when trying to put in trades. This caused me to miss 4 trades that would have expired in the money. Then I switched to a different browser thinking that might be it. When I went there, I got a “suspended” error. I sent 3 emails to tech support and have heard nothing yet. The straw that made finally quit today was after lunch I went to check to see if the platform was working any better. and they had blocked all the 60 second trades. you could do high/low long term and one touch but no 60 seconds. but I placed 3 trades in my new platform. an hour later when I checked beeoptions again, the 60 second options were back. I emailed my account manager this time since I didn’t hear back from tech support and asked if something was going on with the platform today and if I should suspend trading. He replied that he didn’t know what I was referring to and it had been working fine for him all day.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

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